INDEMNITY BOND

[TO BE MADE ON A STAMP PAPER OF RS.500/- AND DULY ATTESTED BY NOTARY PUBLIC]

This deed of Indemnity is made on the ______________ day of _________________.

IN FAVOUR OF

Central Depository Company of Pakistan Limited, a Limited Company Incorporated in

Pakistan having its Registered office at CDC House 99-B, Block ‘B’, S.M.C.H.S., Main
Shahra-e-Faisal, Karachi-74400 , hereinafter called “CDC” which expression shall, wherever
the context so permits means and includes its successors in-interest and assigns of the one
part.
BY

___________________________, Holding CNIC/NICOP/Passport No. ______________,

hereinafter called the “NOMINEE”, Muslim* (*to be replaced with the relevant religion), Adult and
resident of ___________ which expressions shall, wherever the context so permits means and
includes his/her legal heirs, administrators and assign of the other part.

WHEREAS ______________________, holding CNIC/NICOP/Passport No. __________,

hereinafter referred as “DECEASED” was maintaining Investor Account No. _______ with
CDC.

AND WHEREAS the said Deceased, during his life time, while maintaining his Investor’s
Account, had nominated the “NOMINEE”, under section 79 of the Companies Act, 2017 ,
as his/her Nominee.

AND WHEREAS the Deceased expired on __________________, and he/she was buried in
______________. Certificate confirming his/her death was issued by the relevant authorities
and photo copy of which, duly attested by the Notary Public as being authentic, is enclosed to
this Indemnity Bond and form an integral Part of this Indemnity Bond.

AND WHEREAS on the date of his/her demise he/she was holding following securities in
his/her IAS account No. ____________:
Name of Securities and Volume
NOW THEREFORE, at the request of the Nominee, CDC is transferring the aforesaid
securities (“the said Shares”) to the Account of the Nominee as per the mandate given by the
Deceased, the Nominee is bound to distribute the said Shares among the legal heirs while
complying with the requirements of Companies Act, 2017 and the Nominee severally
indemnify and undertake to hold CDC and its directors and officers for the time being in
office, harmless from and against all losses, damages, costs and expenses (including legal
form) that may be suffered or sustained by them on account of any conflicting claims or
demands over the said Shares or the questioning of the transfer of the said Shares to the
account of the Nominee by any Authorities, including those resulting from any notices,
actions, proceedings, etc., that may be initiated against CDC and/or its directors and officers,
and the consequent decrees, orders, or judgments of courts or lawful authorities, as well as
costs incurred responded to or defended such duties, actions, suits, proceedings etc., and the
Nominee undertake to make good all such damages, losses, costs, and expenses within two
days from the date(s) of demand(s) made by CDC, which demand(s) shall be conclusive and
binding upon the Nominee.

IN WITNESS WHEREOF THE PARTIES HERETO HAVE SET AND SUBSCRIBED

THEIR RESPECTIVE HANDS HEREINTO AT KARACHI on ___________ AS FIRST
MENTIONED ABOVE IN THE PRESNECE OF:

Signature of Nominee: ____________________

WITNESSES:

1. Signature: __________________________
Name: __________________________
CNIC/NICOP/Passport NO.:_____________
ADDRESS: _________________________
________________________________
2. Signature: _________________________
Name: _________________________
CNIC/NICOP/Passport NO._____________
ADDRESS: ________________________
__________________________________